Orlen focuses on nuclear reactors and cheaper energy. An ambitious plan until 2035
Orlen announces an ambitious strategy for 2035, investing PLN 380 billion in the development of nuclear, gas and renewable energy, with the promise of cheaper energy and increased dividends.
Orlen presented its long-awaited development strategy for the coming years during a conference in the Highest Voltage Hall of the Institute of Energy. Under the slogan “The energy of tomorrow starts today”, the company announced the largest investment program in the history of the Polish energy sector, the value of which is expected to reach PLN 380 billion.
Nuclear reactors and the development of SMR technology
One of the key points of the new strategy is the construction of at least two small nuclear reactors (SMRs). Orlen is intensively involved in the development of this technology, and its first implementations have already been announced for the coming years, which is part of the global trend of increasing energy independence.
“We will contribute to building energy independence of the Polish and regional economy. We will invest up to PLN 380 billion in this,” emphasized Orlen’s president, Ireneusz Fąfara.
Energy security and recycling
Orlen plans to increase gas production to 27 billion cubic meters per year, which is to meet domestic needs. Additionally, the company intends to provide 4.3 GW of gas power and build energy storage facilities with a capacity of 1.4 GW. In the recycling sector, processing capacity is to increase from 35,000. tons up to 250 thousand tone.
By 2025, Orlen’s fuel offer will include 25% of products based on zero-emission sources, which is an important step towards the energy transformation.
Cheaper energy and development of loyalty programs
The company announces that thanks to the investments, energy will become more affordable. As part of the loyalty program, Vitay plans to attract 10 million consumers by offering an integrated energy purchase system for homes and transport.
Orlen’s strategy also provides for an increase in the guaranteed dividend from PLN 4.3 in 2025 to PLN 4.5 per share, with a further annual increase of 15 groszy. The management board can recommend the payment of higher dividends, up to 25% of annual operating cash flows, which makes Orlen an attractive choice for investors.
The future of energy in Poland
With its strategy, Orlen responds to the challenges related to the energy transformation, increasing the country’s energy security, developing innovations and offering benefits for consumers and shareholders.
